Asia Mining News

Australia's Newcrest Q1 gold output falls, quake-hit mine eyed

Gold producer says its total gold output from mines fell to 522,917 oz in the quarter ended Sept. 30 from 615,498 oz in the same period a year earlier.

Freeport says Grasberg stake to fall to 29% – shares dumped

Investors ignore positive third quarter results to focus on lack of meaningful progress in talks with Indonesia over future of giant Grasberg mine.

Philippines open pit mining ban could be lifted before year end

Mines minister says will follow new recommendations of environment regulator reviving projects like giant Tampakan, Silangan copper-gold mines.

India bans use of dirtier coal alternative in New Delhi area

India's top court on Tuesday banned the use of petroleum coke, a dirtier alternative to coal, in and around New Delhi in a bid to clean the air in one of the world's most polluted cities.

Chinese coal imports from North Korea plummet

Dictatorship was number two supplier of metallurgical coal to China after Australia before latest UN sanctions.

China's Jinchuan eyes new nickel, cobalt project to tap electric vehicle boom

China’s top nickel producer, will next year start building a new project in Guangxi that will produce raw materials for electric vehicle (EV) batteries, its chairman said, looking to tap the sector’s “explosive” demand.

Rio Tinto wants out of Grasberg now

New report says Rio talking to Indonesian groups to sell interest in giant copper, gold mine – Freeport still at loggerheads with Jakarta about stake sale.

BHP expects China's growth to ease modestly over short term

"[W]e expect growth in China to ease modestly over the short-term, as monetary policy tightens and housing and automotive markets soften," Mackenzie said.

Vale’s iron ore output hits another record

Iron ore production rose 3.3% compared with the same period last year to hit a fresh quarterly record of 95.1 million tonnes.

India tightens gold import norms for nominated agencies

New Delhi is restricting them from importing the yellow metal only for export purposes and not for selling in the domestic market.

Environmental group’s office raided to collect for Enbridge

After sending court bailiffs to seize property from Stand.earth, Enbridge backed off, saying it will not seize property after all.

De Beers latest diamond sale the worst in almost two years

The world’s largest diamond producer by value offered less precious stones, in line with its policy of trying to match sales to demand.

MCX launches India's first gold options contract

India's Multi Commodity Exchange (MCX) has launched the country's first gold options contract in New Delhi to coincide with the gold-buying festival of Dhanteras.

Philippines' Duterte lifts suspension on gold miner Lepanto

Lepanto was among more than two dozen companies ordered halted by a sacked minister who led an environmental crackdown.

India's gold prices swing to premium ahead of Diwali festival

Local gold prices were trading around 29,760 rupees per 10 grams on Friday, up nearly a percent from last week.

U.S. steel stocks jump after Kobe Steel crisis deepens

"The Kobe Steel crisis is definitely helping other steel producers," Wunderlich Securities chief market strategist Art Hogan said.

B2Gold up on higher-than-expected production

Company said it expects production of between 50,000 and 55,000 ounces of gold from its new mine in south-western Mali to bring total metal production for 2017 to between 530,000 and 570,000 ounces of gold.

Rio Tinto's $2 billion coal assets attract investor consortium: sources

Sale is part of Rio’s planned exit from Australian coal to focus on iron ore, copper and aluminum.

Move over gold, diamonds may become one of the greatest safe-havens

The Singapore Diamond Investment Exchange (SDIX) has launched a new investment-grade, standardized diamond product to rival gold as a safe-haven asset.

India's Sept gold imports jump 31 pct on festive demand — GFMS

Higher purchases by India, the world's second-biggest consumer, could lend support to global prices that are trading near their highest level in a week.

Chinese companies to build 700 coal plants in and outside China

Of all the new coal generation expected to go online over the next decade, Chinese companies will build nearly half of it.

Russia takes advantage of China's North Korea coal ban

As North Korean imports of anthracite coal have waned with sanctions, those from Russia have soared.

Asia gold-transparency law and smuggling take shine off festival season

India's recent restrictions on the industry and increased smuggling took the sheen off the bullion market heading into the peak festival season.

Freeport pressed to give most of Grasberg copper-gold mine to Indonesia ASAP

Freeport agreed in August to divest a 51% stake in Grasberg to local interests in return for full operational control until 2041 plus fiscal and legal guarantees, but a final deal has still to be reached.

In the heart of China's coal country, a city bans most coal

The ban took effect from Sunday and restricts most companies and individuals from selling, transporting or burning coal in the urban area of Taiyuan.